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EXHIBIT 12-34
DTE ENERGY COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Twelve Months Ended December 31
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2004 2003 2002 2001 2000
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(Millions of Dollars)
EARNINGS:
Pretax earnings ....................... $ 396 $ 266 $ 465 $ 190 $ 480
Adjustments ........................ 2 26 24 31 26
Fixed charges ...................... 546 570 558 477 370
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NET EARNINGS $ 944 $ 862 $1,047 $ 698 $ 876
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FIXED CHARGES:
Interest expense ...................... $ 518 $ 546 $ 554 $ 469 $ 336
Adjustments ........................ 28 24 4 8 34
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FIXED CHARGES $ 546 $ 570 $ 558 $ 477 $ 370
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Ratio of earnings to fixed charges 1.73 1.51 1.88 1.46 2.37
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